Los Angeles-based investment firm Ares Management has held the final close of its $4.7bn fourth fund.
Ares Corporate Opportunities Fund IV, L.P., which had an initial target of $4bn, will continue to make majority or shared-control investments, principally in middle market companies with strong business franchises and in situations where its capital can serve as a catalyst for growth.
The Ares Private Equity Group is led by David Kaplan and Bennett Rosenthal. It has already invested in GNC, LyondellBasell, 99ยข Only Stores, Nortek, Serta, and Simmons.
FinSMEs
22/08/2012
